Oklo Signs LOI To Supply 50 Megawatts Of Power To Diamondback Energy; Oklo To License, Build And Operate Powerhouses
Portfolio Pulse from Benzinga Newsdesk
Oklo and Diamondback Energy have signed a non-binding letter of intent for a 20-year Power Purchase Agreement, where Oklo will license, build, and operate Aurora powerhouses to supply 50 megawatts of power to Diamondback Energy's operations in the Permian Basin.
April 08, 2024 | 12:39 pm
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Diamondback Energy signs LOI with Oklo for a 20-year Power Purchase Agreement to use Aurora powerhouses for its Permian Basin operations.
The partnership with Oklo to use Aurora powerhouses for its operations signifies Diamondback Energy's commitment to sustainable energy solutions. This could positively impact investor perception and potentially reduce operational costs, leading to a likely increase in stock price in the short term.
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